City Backs Thistle & Nest Affordable Housing Loan

The City of Bend’s Affordable Housing Advisory Committee recommended a $650,000 affordable housing fund loan to Thistle and Nest for construction of 38 long-term affordable homeownership units at Woodhaven Estates Phases 5 and 6. The 20-year silent loan carries three percent interest with a balloon payment at year 20 and secures affordability for at least 99 years.

Scope & details

The full contract record, as filed.

Contract amount

$650,000

Contract type

FINANCIAL_SERVICES

Contract term

20-year silent loan, minimum affordability term of 99 years

Renewal

Silent loan for 20 years at three percent interest with a single balloon repayment at the end of year 20; affordability requirements under a land trust model for a minimum of 99 years.

Document type

StaffReport

Source document

City of Bend StaffReport Approve the 2026 Affordable Housing Fund Recommendations 2026-08-05

Related contracts

Other contracts from Thistle & Nest.

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Oregon Housing & Community Services AgendaPacket Housing Stability Council Meeting Materials Packet 2026-08-07

APPROVED

Oregon Housing and Community Services, Oregon$6,765,000 LIFTAug 6, 2026

Oregon Housing & Community Services AgendaPacket Housing Stability Council Meeting Materials Packet 2026-08-07

APPROVED

Oregon Housing and Community Services, Oregon$7,010,000 LIFTAug 6, 2026

City of Bend Affordable Housing Advisory Committee Meeting Minutes 2026-06-02

DISCUSSSED

Bend MPO, OregonJun 2, 2026

oregon-housing-and-community-services-meeting-agenda-june-2025_dba.pdf

pending

Oregon Housing and Community Services, Oregon$1,447,280 to $5,850,000Jun 6, 2025

crook-county-meeting-minutes-2024-11-06_b86.pdf

pending

Crook County, Oregon$185,000 to $225,000Nov 6, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bend?

Thistle & Nest was awarded this financial services contract by City of Bend, as recorded on August 1, 2026. The contract value is $650,000.

How much is the Thistle & Nest contract with City of Bend worth?

The Thistle & Nest contract with City of Bend is valued at $650,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Bend StaffReport Approve the 2026 Affordable Housing Fund Recommendations 2026-08-05 (StaffReport), dated August 1, 2026 from City of Bend. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Thistle & Nest hold?

Thistle & Nest may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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